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On January 1, 2019, Weaver Company purchased as held-to-maturity debt securities $500,000 face value of Park Corporations 8% bonds for $438,483. The bonds were purchased
On January 1, 2019, Weaver Company purchased as held-to-maturity debt securities $500,000 face value of Park Corporations 8% bonds for $438,483. The bonds were purchased to yield 10% interest and pay interest annually. The bonds mature on January 1, 2029. Weaver uses the effective interest method of amortization.
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What amount should Weaver report on its December 31, 2020, balance sheet as an investment in held-to-maturity debt securities?
| $500,000 | |
| $446,564 | |
| $442,331 | |
| $443,404 |
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